Dow +1.29% S&P +1.34% Nasdaq +1.59% Russell +2.02%
US Market closed higher, but nobody cares...
Nikkei -7.93% Hang Seng -4.67% CSI -1.02% Shanghai -1.19% ...S&P Limit down -5.10% (suspended)
Indications on Europe on Indexes are closed from -10%
GBP 1.3360 (Tonight Range (1.3229 / 1.5018)) --> DBK is saying GBP to 1.15
EUR$ 1.0957 (Tonight Range (1.1428 / 1.0913))
GBPEUR 1.2190 (Tonight Range (1.2027 / 1.3159))
JPY 101.36 (Tonight Range (99.02 / 106.84))
Gold +6.16% 1,335 ( Tonight Range (1,250.5 / 1,3259.08))
WTI $47.07 -6.07%
FTSE low of the year 5,499.51 (11/02) (-13.23% from yest close) --> next strong support 5,266 (-16.9%) & 4,939 (-22%)
EuroStoxx low of the year 2,672 (11/02) ( -12% from yest Close) -->
Dax low of the year 8,699 (11/02) (-15% from yest Close)
CAC low of the year 3,892 (11/02) (-12.8% from yest Close)
--> Investment Grade credit markets are opening wider, with Asian credit ~15bps wider and European indices opening ~25bps wider. On the rates side, US Treasuries have hit all-time lows – with the 10Y yield ~20bps lower
--> Bank of England to cut Rate today ? no fish & Chips today, could be seen as very negative but I would keep my optimistic mood and believe that it could be a chance for Europe to get stronger now as there is a big danger of seeing more Nigel Farage talking about independance day...
--> Exane note on Consequences attached
Macro :
- U.K. Will Fall Into Recession After U.K. Votes for Brexit: RLAM
- Europe Shares May Fall 10-15% After U.K. Votes to Leave: Exane
- Fixed-Income Markets Will Price in a U.K. Recession: Nangle
- Kuroda: BOJ Ready to Use Swaps to Ensure Markets Stability
- European Stocks Set to Hit 2016 Lows, Natixis AM’s Gallardo Says
- Ifo’s Fuest Says British Vote to Leave EU a ‘Defeat for Reason’
- BOE Likely to Cut Rates Down to Zero By August: JPMorgan
Keep an eye on :
- MT NA : ArcelorMittal USA, United Steelworkers Ratify New Contract
- CLN VX : Clariant Buys Carboflex’s 50% Participation in Consortium
- GLEN LN : -14%
- HBH GY : Hornbach Holding 1Q Ebit Little Changed; Confirms FY17 Outlook
- HEN3 GY : Henkel Agrees to Buy Sun Products for About EU3.2b From Vestar
- HSBC LN : -11% in Hong Kong
- KER FP : Kering CEO dismisses talk of Puma sale - FT
- KU2 GY : Kuka shareholder Voith undecided on Midea bid; BMW and VW may lead consortium to buy 25% - Boersen-Zeitung
- SAN FP : Medivation Repeats Call for Holders Reject Sanofi’s Proposal
- TIT IM : Oi Bondholder Group Said to Grow Before Bankruptcy Plan: Reuters
- VIV FP : Bollore Said to Plan Leaving Canal Plus Chairmanship: Figaro
- ZURN VX :